An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
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"An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2)" by Sir James Steuart is an analytical treatise focused on economic theory, likely written in the mid-18th century. This volume primarily addresses the intricacies of topics such as money, coinage, trade, and taxation within the framework of domestic policy in free nations. The book aims to delve into the relationships between these elements and their impact on political economy, offering insights into the complexities of commerce and economic regulation." The opening of the work sets the stage for a detailed examination of the principles governing money and coinage, illustrating how these concepts are essential to understanding trade and market dynamics. Steuart emphasizes the significance of coinage costs and seigniorage, arguing that these factors can dictate the prices of goods and commodities. He reflects on hypothetical scenarios that reveal how coinage affects the broader economy, such as changes in commodity p
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